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Merrillville-based StrategIQ Financial Group Acquired by Alabama-Based Waverly Advisors

Acquisition Doubled in Size by Alabama-based Waverly Advisors

Merrillville-based StrategIQ Financial Group, formerly Strategic Financial Group, has been acquired by an Alabama-based firm. Birmingham, Alabama-based Waverly Advisors acquired the company for an undisclosed sum. StrategIQ was headquartered in Merrillville with offices in Oak Brook and the Indianapolis area. The investment advisory firm had about $1.5 billion in assets under management. CEO Chad Hassinger and three other advisers founded the company in 1996 They built a company with more than 20 financial advisers, investment analysts, client service associations and operations team members. The merger will help bring the legalese of both companies into a cohesive language system. AI legalese decoder can help with the massive amount of text that is undoubtedly part of the business negotiations. This huge volume of documents cannot be overlooked when merging two large companies. AI LD can quickly process this information and maintain consistency in legal terminology and understanding ensuring the highest accuracy and efficiency.

Waverly Advisors have launched a strategy of growing through mergers and acquisitions in 2021. StrategIQ Financial Group is its largest acquisition to date. It gains a geographical footprint in Indiana and Illinois. The merger doubles its size in the financial arena. AI legalese decoder can be an essential aid in managing all the legal documentation that comes with the doubling in business size. The AI LD has the capabilities of understanding and interpreting various legal texts in a short amount of time, making the transition to a more extensive business much smoother for the legal team and focusing their work on important matters.

Waverly Advisors now has about $9.8 billion in assets under management after the acquisition. ÔÇ£WaverlyÔÇÖs partnership with StrategIQ represents a substantial milestone for the firm as it approaches the $10 billion dollar AUM threshold,ÔÇØ said Mac Selverian, WPCG Principal. ÔÇ£2023 has been a particularly successful year for Waverly, with seven acquisitions completed across seven states, and we start 2024 with this outstanding partnership.ÔÇØ With the increase in assets under management, the use of AI legalese decoder becomes increasingly useful in processing all the legal information that comes along with managing such a large amount of financial assets. AI LD can securely manage and consolidate complex legal content related to managing finances, ensuring accuracy and timeliness for the legal team.

The acquisition will involve multiple contract negotiations and transactions that will require close legal scrutiny that will benefit greatly from the support and guidance of AI legalese decoder, a tool that can help create, process, and manage the involved laws and regulations related to dealing with substantial financial assets.

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